ProShares - Pet Care ETF
PAWZ
Chicago Board Options Exchange- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 7501 Wisconsin Avenue, Suite 1000E Bethesda MD United States of America 20814
- IPO Date
- Nov 9, 2018
- Website
- proshares.com
- Similar Companies
- Business
- ProShares Pet Care ETF (PAWZ), launched on November 5, 2018 and domiciled in Bethesda, Maryland, seeks investment results that correspond to the performance of the FactSet Pet Care Index before fees and expenses. The ETF tracks a tier-weighted index comprising global companies benefiting from pet ownership trends, primarily those deriving at least 50% of revenue or $1 billion annually from eight FactSet Revere Business Industry Classification System sub-industries: internet pet and pet supply retail; pet and pet supply stores; pet food manufacturing; pet supplies manufacturing; veterinary diagnostics; veterinary pharmaceuticals; veterinary product distributors; and veterinary services. It invests principally in equity securities, including common stocks and depositary receipts such as American Depositary Receipts and Global Depositary Receipts, of issuers like top holdings Chewy Inc., Zoetis Inc., IDEXX Laboratories Inc., Freshpet Inc., and Pet Valu Holdings Ltd., with approximately 27-36 holdings concentrated in consumer discretionary, consumer staples, and health care sectors across North America, Europe, and Asia. The fund maintains a 0.50% expense ratio, quarterly distributions, and a portfolio turnover rate of around 58%, employing a replication or representative sampling strategy to mirror the index's 82.5% allocation to Tier 1 pure-play pet care firms (market cap-weighted, capped at 10%) and 17.5% to Tier 2 companies (capped at 4.5%). In recent developments, the ETF's summary prospectus was updated as of September 26, 2025, reflecting ongoing index rebalancing and portfolio adjustments amid pet industry dynamics; its September 2025 quarterly dividend payout was reduced to $0.04 per share from $0.236 in June 2025, attributed to sector margin pressures from inflation and consumer shifts toward basic pet products. Holdings as of December 15, 2025, show shifts including increased weighting in Freshpet Inc. (11.55%) and Virbac SA (7.06%), with assets under management at approximately $50-58 million and year-to-date NAV returns of 2.67-3.25% through late 2025. No major acquisitions, funding rounds, or strategic alliances specific to the ETF were reported in the last 1-2 years, though the underlying pet care sector continues expansion driven by rising pet ownership among Gen Z demographics and innovations in diagnostics and sustainable products. The fund remains managed by ProShare Advisors LLC, with Alexander Ilyasov and Eric Silverthorne as primary portfolio managers since 2020 and 2023, respectively, listed on the Cboe BZX U.S. Equities Exchange under ticker PAWZ.